Technology Hardware & Equipment sector monthly seasonality analysis

The 2013 edition of the Almanac looks at the historic monthly performance of the FTSE 350 sectors. Here we look at the Technology Hardware & Equipment sector.

The following chart plots the average out-performance of the FTSE 350 Technology Hardware & Equipment sector over the FTSE 100 Index by month since 1999. For example, since 1999 on average the sector has out-performed the FTSE 100 Index by 4.0 percentage points in July.

Observations:

  1. The strongest months have been July and November – the sector has under-performed the market only three times in July in the last 14 years.
  2. The weakest months have been February and September – the sector has out-performed the market only five times in February in the last 13 years.

The six stocks in the FTSE 350 Technology Hardware & Equipment sector [NMX9570] are-

ARM Holdings [ARM] Laird [LRD]
CSR [CSR] Pace [PIC]
Imagination Technologies Group [IMG] Spirent Communications [SPT]
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